Denver, CO – April 30, 2021 – NorthPeak Commercial Advisors, LLC is pleased to announce the sale of Sherman Commons in Denver, CO.
Principals Kevin Calame and Matt Lewallen (NorthPeak Commercial Advisors) represented the Seller this transaction.
“The Seller received an unsolicited offer from an outside broker, she reached out to us at NorthPeak and asked our advice whether to accept or not. Due to the competitive sellers’ market, we decided to list the building and were able to achieve not only a sizable increase above the unsolicited offer, but with multiple offers we were able to get favorable terms and close above our list price!“ – Kevin Calame, NorthPeak Commercial Advisors.
For more information on this investment or current market conditions, please contact Kevin Calame at 720-738-1939 or Kevin@NorthPeakCRE.com.
SALE HIGHLIGHTS
Sold Date: April 30, 2021
Property Type: Multifamily
Address: Sherman Commons | 10 S. Sherman St, Denver, CO 80209
Number of Units: 35
Property SF: 20,892 SF
Sale Price: $8,030,000
Price Per Unit: $229,429
Price Per SF: $384
Cap Rate: 4.70%
